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...fairly famous among the investing crowd for being a superbull on commodities. His investment convictions spring from an unflappable confidence in his ability to spot emerging secular trends. He looks at the same headlines we all do - that the U.S. government is running gargantuan deficits, that China's huge account surpluses are being smartly invested, that the world economy is experiencing tectonic shifts. But Rogers sees each bit of news as a piece of a bigger puzzle. When he finally can divine what the puzzle says, he bets heavily, writes books about it and gathers a crowd around...

Author: /time Magazine | Title: Silver Lining: Jim Rogers Talks Up Commodities | 10/12/2009 | See Source »

...latest indication that Citi is for sale came on Oct. 9. The bank sold its Phibro commodities-trading unit to energy and chemical giant Occidental Petroleum. Oxy Pete will pay $250 million for the unit, which specializes in oil and gas trading. Phibro is not a huge business for Citigroup. But it was one of the few businesses that continued to make money for the giant bank during the credit crisis. Phibro and Citi's global payment-processing business have long been seen as two areas in which the bank outperforms its competitors. Now one of Citi's profit jewels...

Author: /time Magazine | Title: The Citi Sale That Never Ends | 10/12/2009 | See Source »

...huge shift...

Author: /time Magazine | Title: Verbatim | 10/12/2009 | See Source »

...generation," Ting told me the night before the march, at Restaurant Nora, "is that unlike past generations before, we had never been through something like where progress didn't seem inevitable. Suddenly, some right that was given was taken back. I think that had a huge effect on my generation - to say, wait a minute, you mean, if I voted for and maybe wrote a check to the Democratic Party, that's not enough...

Author: /time Magazine | Title: The Gay March: A New Generation of Protesters | 10/12/2009 | See Source »

...trenches of World War I, when Hitler was just another corporal in the Kaiser's army. By World War II, countries on both sides of the war used airplanes and artillery to rain death on battlefields as well as cities, until the number killed around the world was so huge that the best estimates of the total number lost diverge by some 16 million souls. The dead numbered 62 million or 78 million - somewhere in there...

Author: /time Magazine | Title: Want Peace? Give a Nuke the Nobel | 10/11/2009 | See Source »

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